AT&T has predicted sustained profit growth over the next three years, driven by investments in mobile-phone and fiber-optic networks. The company anticipates earnings of $1.97 to $2.07 per share for 2025, with double-digit gains in 2027. Additionally, AT&T plans to repurchase up to $20 billion worth of shares by the end of 2026, making it one of the largest buyback programs announced by a US telecommunications company in recent years. Furthermore, the company aims to expand its fiber-optic network to reach over 50 million locations by 2029.
Source: https://www.bloomberg.com/news/articles/2024-12-03/at-t-sees-profit-gains-through-2027-sets-20-billion-buyback